Understanding and Managing Small Payment Defaults: How to Prevent and Resolve Them
Micropayments have become a convenient means of payment in the digital age. However, if micropayments are not paid, it can affect your financial credit, and persistent nonpayment can lead to a credit rating downgrade and legal action. Therefore, it is important to prevent and effectively manage nonpayments. This article explores the causes, consequences, and prevention and management strategies for micropayment nonpayments to help consumers and businesses reduce their financial risks.